G2V Group announces record financial figures as it celebrates 10 year anniversary
At the end of the 2013/2014 financial year the group (made up of G2 Recruitment and Vivid Resourcing) had a turnover of £52.6m, whilst gross margin reached £10.7m. These figures represent a 27% increase in turnover since 2012/2013.
In comparison to turnover of £37,874 at the end of 2004 (the group’s first year in business), this year’s figures represent a compound annual growth rate (CAGR) for turnover of 93%. Exceptional results considering how hard the economic downturn has been on the recruitment industry.
g2 was founded in 2004, comprising of just 3 members. In 2008 Vivid Resourcing was created, bringing head count to 22. Today headcount totals 102 across the group, comprising 73 sales consultants and 29 operations staff.
The group began in a single Bristol office location. Whilst g2 head office still resides in Bristol, today there are six separate office locations across the group, including an office in Houston, Texas and further international office openings are planned.
G2V consultants are divided into market specialisms of IT, Engineering, Oil & Gas and Pharmaceutical. With the company having started as an IT specialist recruitment agency, IT is responsible for around 40% of today’s business.
All sales consultants partake in the G2V Academy – a unique internal training and development programme. Progressing employees from the bottom upwards has played a large part in contributing to G2V’s phenomenal growth.
James Gorfin, company CEO says, “We have grown organically each year to the turnover of £52m that we have today, and now also have an exceptional share option scheme which also really incentivises our staff to make the move into management and hold a stake in our business.”
A Ten Year Anniversary party will be held in the summer where all G2V employees will be invited to celebrate.
g2 Recruitment - http://www.g2recruitment.com/
Vivid Resourcing - http://www.vividresourcing.com/